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Mark Guindi Acquires Mixed-Use Building On Malcolm X Blvd For $2.1M

Property Image
SOLD
$2,100,000
Moshe Goldberger
+ 1

New York

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Mixed-use
Sold 02/02/2021
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Property Image
SOLD

Mark Guindi Acquires Mixed-Use Building On Malcolm X Blvd For $2.1M

227 Malcolm X BLVD, Brooklyn, NY, 11...

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Mixed-use
Sold 02/02/2021
Moshe Goldberger
+ 1
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Summary

NEW YORK
Asset Type:Mixed-use
Transaction Type:Sale

The property involved in the transaction is located at 227 Malcolm X Boulevard in the Bedford-Stuyvesant section of Brooklyn, New York. It is a mixed-use building constructed in 1910, consisting of four three-bedroom apartments and a ground floor retail space. The three-story building spans approximately 4,983 square feet and was sold for $2,100,000.00.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,100,000.00
  • Address: 227 Malcolm X BLVD, Brooklyn, NY, 11...
  • Market: Brooklyn

Zachary Fuchs from GFI Realty Services represented the buyer, Mark Guindi, in the acquisition of the property. On the selling side, Mordy Getz was represented by Joseph Landau and Moshe Goldberger, who are also from GFI Realty Services. The transaction involving this mixed-use building underscores the active real estate market in Brooklyn.

Players

Zachary Fuchs
62 deals$322.8M volume
BROKER


Moshe Goldberger
GFI Realty Services
17 deals$40M volume
BROKER

Mark Guindi
14 deals$39.9M volume
BUYER

Details

SOLD
IMAGE: 02/02/2021 ADDRESS: 227 Malcolm X BLVD, Brooklyn, NY, 11... MARKET: Brooklyn ASSET TYPE: Mixed-use BUYER'S REP: Zachary Fuchs(GFI Realty Services) BROKERS: Moshe Goldberger(GFI Realty Services), Joseph Landau(GFI Realty Services) BUYER: Mark Guindi SELLER: Mordy Getz PRICE: $2,100,000.00

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$112,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86